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Trend

BHELWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:BHELLong
by Rvkachhadiya
IGL RESPECTING ITS MAJOR SUPPORT LINE !IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade in this stock. Also note that this analysis was done by me only for educational purpose , feel free to share your views.
NSE:IGLLong
by headymuk
6
GBPUSD rises towards the key 1.3830 hurdleGBPUSD remains firm for the fifth consecutive day, around 1.3780 during early Thursday. In doing so, the cable pair justified upbeat RSI conditions, as well as recovery moves from 1.3600 to keep buyers hopeful. However, 200-DMA and resistance line of a five-month-old falling wedge bullish formation’s resistance, respectively around 1.3810 and 1.3830, become tough levels to cross for the bulls. Should the sterling optimists keep reins past 1.3830, the pair’s run-up towards June’s top near 1.4250 can’t be ruled out. During the rise, the 1.4000 threshold becomes the key halt. Alternatively, the recent swing low around 1.3685 can entertain the intraday counter-trend traders before directing them to the 1.3600 support. Though, any further weakness past 1.3600 will be challenged by July’s low near 1.3570 and support line of the stated wedge, close to 1.3520. To sum up, GBPUSD bulls brace for consolidating the recent losses.
Long
by MTradingGlobal